Forex - Indonesia Flows: BI guards rupiah amid global risk aversion


 02:30 (GMT) 26 Aug

  [Forex Flows]

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Indonesia Flows: BI guards rupiah amid global risk aversion (0101-NMHL-C01)

USD/IDR onshore spot traded with a bid tone at the start of the new week, trading to highs of 14270 in early trading, as trade war escalation on Friday saw risk aversion come into play again. Calls for Fed easing are picking after Trump's repeated pressure and global growth concerns amid the trade war escalations, which may prompt calls for BI easing as well. Strong vigil on the pair may prevent a test of the 14360 resistance but buyers are seen below 14200. 1M NDFs meanwhile traded in consolidation around 14350 this morning after a rally from sub-14300 levels in Friday's NY session. JKSE last seen down by over 1%.


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